Halving Cycle? Exchange Inflows? Forget Them — The Post-ETF Era Playbook

Bitcoin’s “four-year law” may be breaking for the first time. Despite record inflows into spot ETFs and swelling corporate treasuries, the market is no longer moving in lockstep with the halving cycle. Instead, liquidity shocks, sovereign wealth allocations, and derivatives growth are emerging as the new anchors of price discovery. This shift raises a critical question for 2026: can institutions still rely on cycle playbooks, or must they rewrite the rules entirely? Has the cycle finally snapped? With these forces now setting the pace, the question is not whether the old cycle still matters but whether it has already been replaced source: https://beincrypto.com/bitcoin-etf-cycle-liquidity-2026/